India’s Merchandise Trade Deficit Narrows To $26.86 Billion In August As Exports Surge 26%
India’s merchandise trade deficit narrowed to $26.86 billion in August, compared with $27.22 billion in the same month last year and $31.98 billion in July, according to data released by the Department of Commerce on Tuesday. The improvement came as merchandise exports grew substantially faster than imports during the month. Goods exports increased 26% year-on-year (Y-o-Y) to $43.81 billion,…
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